On Tuesday May 16th, Home Depot (HD Quick QuoteHD - Free Report) will release its first quarter earnings results before the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of C.

In our video David will take a look at the current state of Home Depot, their past earnings announcements, and he’ll give us his thoughts on their upcoming earnings call. Furthermore, David will also give us insight on how to play the options market.

Home Depot in Focus

Home Depot is the one of world's largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers, as well as home improvement, construction and building maintenance professionals. The Home Depot currently operates in the USA, Canada, Chile, Puerto Rico, and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager's Hardware in New Jersey.

Home Depot is expected to report earnings at $1.61 per share according to the Zacks Consensus Estimate. Last quarter they reported earnings at $1.44, beating expectations by $0.11. Their average EPS surprise is 4.38%.

Home Depot, Inc. (The) Price, Consensus and EPS Surprise

Home Depot, Inc. (The) Price, Consensus and EPS Surprise | Home Depot, Inc. (The) Quote

Bottom Line

How should investors play Home Depot ahead of their earnings report? For insights on the best options trades, then tune in 9:00 am tomorrow to see David’s thoughts.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging
phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>